Can I retire at age 57 with 825,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator

About Your Retirement ?

Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:

Portfolio ?

% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $825,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$68,128$67,521$66,929$66,351$65,787$65,509
2 years$33,727$33,098$32,490$31,899$31,327$31,047
3 years$22,261$21,630$21,023$20,438$19,875$19,601
4 years$16,529$15,900$15,299$14,725$14,175$13,909
5 years$13,091$12,466$11,873$11,310$10,776$10,519
6 years$10,800$10,180$9,595$9,045$8,526$8,279
7 years$9,164$8,549$7,974$7,436$6,934$6,696
8 years$7,938$7,328$6,762$6,238$5,753$5,524
9 years$6,984$6,380$5,824$5,313$4,845$4,625
10 years$6,222$5,624$5,078$4,580$4,128$3,918
11 years$5,599$5,007$4,470$3,986$3,550$3,349
12 years$5,080$4,494$3,967$3,496$3,076$2,884
13 years$4,641$4,061$3,545$3,087$2,683$2,499
14 years$4,265$3,691$3,185$2,740$2,352$2,177
15 years$3,940$3,372$2,875$2,444$2,071$1,904
16 years$3,655$3,094$2,607$2,188$1,830$1,672
17 years$3,404$2,849$2,372$1,966$1,623$1,472
18 years$3,182$2,633$2,166$1,772$1,443$1,300
19 years$2,983$2,440$1,982$1,601$1,286$1,151
20 years$2,804$2,267$1,819$1,450$1,149$1,020
21 years$2,642$2,112$1,674$1,316$1,028$907
22 years$2,496$1,972$1,542$1,196$921$807
23 years$2,362$1,844$1,424$1,090$827$719
24 years$2,239$1,728$1,317$994$743$641
25 years$2,127$1,621$1,220$908$669$573
26 years$2,023$1,524$1,131$830$603$512
27 years$1,928$1,434$1,051$760$543$458
28 years$1,839$1,351$977$696$490$410
29 years$1,756$1,275$909$638$443$367
30 years$1,679$1,204$847$586$400$329
31 years$1,608$1,138$789$538$362$295
32 years$1,540$1,077$736$494$327$265
33 years$1,477$1,020$688$455$296$238
34 years$1,418$967$642$418$268$213
35 years$1,363$917$601$385$243$192
36 years$1,310$870$562$355$220$172
37 years$1,261$826$526$327$199$155
38 years$1,214$785$492$301$181$139
39 years$1,170$747$461$278$164$125
40 years$1,128$711$432$256$149$113
41 years$1,088$676$406$236$135$101
42 years$1,050$644$380$218$122$91
43 years$1,014$614$357$201$111$82
44 years$980$585$335$186$101$74
45 years$948$558$315$172$92$66
46 years$917$532$295$159$83$60
47 years$887$508$278$147$75$54
48 years$859$485$261$135$69$48
49 years$831$463$245$125$62$44
50 years$805$442$231$116$57$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $825,000, adding $5,383 every year, while hoping to spend $56,152 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 53/25/22 Blend
56$825,000$825,000$825,000$825,000
57$914,703$870,978$858,190$957,373
58$948,257$853,910$827,194$970,258
59$983,352$834,125$793,278$977,994
60$1,020,085$811,428$756,284$985,228
61$1,058,563$785,617$716,049$991,932
62$1,098,900$756,476$672,400$998,076
63$1,141,221$723,776$625,158$1,003,634
64$1,185,661$687,277$574,137$1,008,579
65$1,232,367$646,722$519,139$1,012,885
66$1,281,498$601,841$459,960$1,016,527
67$1,333,229$552,350$396,387$1,019,485
68$1,387,749$497,945$328,196$1,021,739
69$1,445,263$438,309$255,155$1,023,273
70$1,505,997$373,103$177,019$1,024,075
71$1,570,195$301,971$93,536$1,024,135
72$1,638,125$224,537$4,439$1,023,453
73$1,710,078$140,404$0$1,022,031
74$1,786,374$49,152$0$1,041,158
75$1,867,361$0$0$1,062,070
76$1,953,420$0$0$1,097,485
77$2,044,968$0$0$1,149,587
78$2,142,461$0$0$1,205,118
79$2,246,399$0$0$1,264,368
80$2,357,330$0$0$1,327,657
81$2,475,851$0$0$1,395,332
82$2,602,621$0$0$1,467,776
83$2,738,361$0$0$1,545,408
84$2,883,859$0$0$1,628,688
85$3,039,982$0$0$1,718,120
86$3,207,683$0$0$1,814,259
87$3,388,004$0$0$1,917,711
88$3,582,091$0$0$2,029,146
89$3,791,204$0$0$2,149,296
90$4,016,724$0$0$2,278,965
91$4,260,169$0$0$2,419,040
92$4,523,209$0$0$2,570,493
93$4,807,677$0$0$2,734,392
94$5,115,588$0$0$2,911,913
95$5,449,158$0$0$3,104,347
96$5,810,824$0$0$3,313,116
97$6,203,263$0$0$3,539,780
98$6,629,424$0$0$3,786,059
99$7,092,545$0$0$4,053,843
100$7,596,193$0$0$4,345,212